Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of FTC Solar, Inc. - FTCI

NEW YORK, Jan. 21, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of FTC Solar, Inc. ("FTC Solar" or the "Company") (NASDAQ: FTCI). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether FTC Solar and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action] 

On January 14, 2022, Bank of America downgraded FTC shares to Underperform from Neutral, opining that the Company is "among the [companies] most exposed to potential delay dynamics associated with utility-scale solar projects in the U.S. for 2022," noting that nearly all of FTC's revenue is derived from the U.S., with international projects expected to contribute meaningfully only from 2023 and beyond.

On this news, FTC Solar's stock price fell $0.95 per share, or 15.63%, to close at $5.13 per share on January 14, 2022.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980

SOURCE Pomerantz LLP

These press releases may also interest you

at 10:22
Slidecast is reinventing how businesses and sales professionals deliver presentations by putting simplicity at the center of the experience of creating, delivering, and following up with slide-based presentations....

at 10:20
Albania's Albgaz Sh.a (Albgaz) and Bulgaria's Overgas Inc. AD (Overgas) have signed an MOU expressing their mutual intent to cooperate on bankable projects that will diversify natural gas supplies throughout the Balkans....

at 10:17
Born in Stamford, Connecticut, Riko's Pizza continues the thin crust revolution as they prepare to announce the grand opening of the newest franchise in Fairfield County later this summer or early fall. Already a local favorite, Riko's fans will soon...

at 10:16
Montreal-based companies, ARMORI STEELE and Dello, have officially joined forces to allow clients worldwide to pay entirely in cryptocurrency for their purchases of high-end racing memorabilia and luxury cars. The effort revolutionizes the way that...

at 10:15
GNC is continuing its pursuit of strategic transformation. With the opening of a new global headquarters and ongoing product innovation, staffing the business with top talent is a priority. That's why GNC is proud to introduce three new members of...

at 10:15
StaffHealth.com, a leading, nationwide, full-service healthcare staffing and recruitment agency, today announced the launch of NurseShifts, a new mobile app and marketplace designed for on-demand staffing to help nurses find shifts, faster....

News published on 21 january 2022 at 16:55 and distributed by: